President Lula will be in Japan during the G7 summit. Finance minister Fernando Haddad will join the discussions next week. The forum consists of the world’s seven major industrialized countries.
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The Brazilian legislative power approved the Cooperation and Facilitation Investment Agreement (CFIA) signed between the two countries in 2019. The document will now be forwarded to Brazil’s president to sign it into law.
The Arab country in North Africa received USD 224.8 million in international investments in the first quarter. Services were a highlight.
A delegation of the Egyptian Customs Authority is in Brazil for a series of meetings aimed to foster the rapprochement between the two countries’ agencies, as well as fast-tracking the integration of the Ellos Blockchain system with the Egyptian Customs’.
Economies in the region are headed for a slowdown this year, driven by high inflation and the conflict in Sudan. Growth will decrease from last year’s 5.3% to 3.1% in 2023.
The World Bank said in a report that the economic perspectives for the country are bleak. Restrictions imposed by Israel makes the Palestinian economy operate below its potential.
Exports declined by 0.3% last month, but the surplus was up 5.5% as imports fell more.
The Brazilian market imports 7% of the food and beverage it consumes. Arab countries participate as suppliers of sardines, olives, oranges, and other items.
The 15th edition of the International Exhibition of Agriculture in Morocco will occur from May 2 to 7 in Meknes. The Brazilian Ministry of Agriculture and Livestock and the Embassy of Brazil in Rabat will take 11 companies.
High prices seen during the COVID-19 have already returned to pre-pandemic levels, but the sector still faces some challenges like port infrastructure.
The organization focused on environmental preservation launched a program to monitor and raise awareness about plastic waste in the sea. Volunteers, schools, and institutions will be able to adopt beaches and take care of them.
TileGreen uses plastic waste to manufacture paving tiles and has developed other construction products using the same technology. The product is patented, and some countries have showed interest in the sustainable innovation.
Saudi Arabia’s Red Sea Global is planning a horticultural project to raise over 25 million plants by 2030, focusing on desert species.
The government of Morocco has approved the name of Alexandre Guido Lopes Parola as the ambassador of Brazil to the country.
